IRS Targets Wealthy Tax Non-Compliance with $80 Billion Funding Increase
While wealthy Americans sipped champagne at charity galas and shuffled millions through offshore accounts, the IRS was quietly sharpening its knives. The agency that once begged for scraps now commands an $80 billion war chest. Audit rates for millionaires have already doubled. The days of gentle taps on the wrist are dead. Here’s what nobody […]
$1M Tax Fraud Case Against Seneca Man
$1M Tax Fraud Case Against Seneca Man. A federal grand jury in Greenville has indicted Marion Keith Sheriff, a 60-year-old from Seneca, on four counts of filing false tax returns. Court documents and testimony reveal that Sheriff ran a landscaping business in the Upstate and is accused of failing to report over $1 million in […]
NJ Man Admits Tax Fraud, Cost IRS Over $550K
NJ Man Admits Tax Fraud, Cost IRS Over $550K. A Somerset man who ran a local tax preparation business pleaded guilty Thursday to knowingly filing false federal tax returns on behalf of his clients, deceit that federal prosecutors say racked up more than $550,000 in losses for the IRS. Vito A. Pascarella, whose company offered […]
Credit Suisse Services AG Pleads Guilty to $4 Billion Tax Evasion Scheme
Credit Suisse Services AG Pleads Guilty to Tax Crimes, Agrees to Pay Over $510 Million in U.S. Settlement. Credit Suisse Services AG has pleaded guilty to conspiring to help U.S. taxpayers conceal more than $4 billion from the Internal Revenue Service through at least 475 offshore accounts. The plea marks the culmination of an extensive […]
Chapter 7 vs. Chapter 13: Which Bankruptcy Can Discharge IRS Debt?
When individuals struggle with overwhelming tax debt, bankruptcy may offer a viable solution. However, not all tax debts are dischargeable, and the type of bankruptcy filed significantly impacts whether IRS obligations can be eliminated. Understanding the key differences between Chapter 7 and Chapter 13 bankruptcy is essential for taxpayers seeking relief. Las Vegas’ premier tax […]
Why the IRS warns some refunds may be delayed this tax season…will you be impacted?
Why the IRS warns some refunds may be delayed this tax season…will you be impacted? As the 2024 tax season begins, the Internal Revenue Service (IRS) is alerting taxpayers that some refunds could take longer to process. Although the tax filing season officially started on January 27, officials are reminding filers that certain tax credits […]
IRS to Automatically Issue Stimulus Checks to Eligible Taxpayers: Recovery Rebate Credit Payments Coming by end of January.
IRS to Automatically Issue Stimulus Checks to Eligible Taxpayers: Recovery Rebate Credit Payments Coming by end of January. U.S. taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns could see a stimulus check by the end of January, according to the Internal Revenue Service (IRS). This initiative comes after the IRS […]
Former Santa Cruz County Treasurer Pleads Guilty to Embezzling $38 Million and Tax Evasion
Former Santa Cruz County Treasurer Pleads Guilty to Embezzling $38 Million and Tax Evasion. A former official from Santa Cruz County, Arizona, has pleaded guilty to multiple criminal charges, including embezzlement, money laundering, and tax evasion, after misappropriating over $38 million in county funds from 2014 to 2024. Elizabeth Gutfahr, 62, who served as the […]
Arkansas Man Failed to Disclose Over $3 Million in Revenue
Arkansas Man Failed to Disclose Over $3 Million in Revenue. In a significant tax fraud case, Carlos Gonzalez, a 59-year-old resident of Rogers, Arkansas, was sentenced to 20 months in prison for submitting fraudulent individual income tax returns. The court revealed that between 2014 and 2020, Gonzalez systematically understated the gross receipts from his tree-trimming […]
Former Moody’s General Counsel Sentenced to 8 Months for Tax Evasion
Former Moody’s General Counsel Sentenced to 8 Months for Tax Evasion. New Jersey federal judge sentenced John Goggins, 63, of Chatham, New Jersey, the former general counsel of Moody’s, to eight months in prison for willfully failing to file his personal federal income tax returns. The sentencing, which took place on Thursday, follows a federal […]
Lil’ Kim Resolves $150,000 Tax Lien After Years of Financial Struggles
Lil’ Kim Resolves $150,000 Tax Lien After Years of Financial Struggles. Lil’ Kim, 49, has made strides in resolving her financial issues, successfully paying off a $150,775 tax lien owed to the federal government. This resolution comes as a significant relief after years of navigating bankruptcy and tax debt. In May, the IRS lifted the […]
Florida Staffing Co. Charged With Tax and Immigration Fraud
Florida Staffing Co. Charged With Tax and Immigration Fraud. The Owners of a Florida Labor-Staffing Company Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges. Ukrainian Nationals Extradited from Thailand Two Ukrainian nationals made their initial appearance yesterday on a superseding indictment returned by a federal grand jury in Miami charging them […]